RKLB - Rocket Lab Stock Is Spiraling Lower: What's Going On? | Benzinga
Rocket Lab USA Inc (RKLB) shares are trading lower in Wednesday’s after-hours session following the company’s announcement of a proposed offering.
What To Know: After the close on Wednesday, Rocket Lab said that it had commenced a private offering with institutional buyers to raise $275 million from convertible senior notes due 2029.
Rocket Lab intends to use a portion of the net proceeds from the offering to pay the cost of entering into capped call transactions with one or more ...